State Street Taps Women-Owned Broker-Dealers to Underwrite $500M of Senior Unsecured Debt

State Street Corporation (NYSE: STT) announced yesterday that it has issued $500 million of senior unsecured debt. The offering, which closed yesterday, was structured in keeping with State Street's ongoing inclusion, diversity and equity efforts, with R. Seelaus & Co., LLC and Siebert Williams Shank & Co., LLC acting as bookrunners, and MFR Securities, Inc., Stern Brothers & Co., and Tigress Financial Partners, LLC acting as co-managers. These five broker-dealers are women-owned. Collectively, these broker-dealers have underwritten more than half of the debt securities in the issuance. The full underwriting syndicate also included Morgan Stanley & Co. LLC and Lloyds Securities Inc. acting as bookrunners.

This action reinforces State Street's strong commitment to increasing diversity in the industry and empowering women-owned businesses, which is critical to the future success of the firm. This offering marks the fourth such issuance in under a year where the syndication has been structured under State Street's inclusion, diversity and equity strategy, reflecting the firm's continuing efforts to amplify the impact of Environmental, Social and Governance initiatives.

"State Street is committed to diversity and creating opportunities for women to demonstrate the significant value they add in an industry where they have historically been underrepresented," said Ilene Fiszel Bieler, Global Head of Investor Relations at State Street. "Partnering with these women-owned broker-dealers is State Street living our values by creating more equitable opportunities," Fiszel Bieler added.